Ciena Corp (CIEN)
Debt-to-capital ratio
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,543,120 | 1,543,410 | 1,543,900 | 1,546,400 | 1,547,500 | 1,061,120 | 1,062,450 | 1,062,180 | 1,065,260 | 670,355 | 671,855 | — | 674,856 | 676,356 | — | — | 684,939 | 586,505 | 585,538 | 584,601 |
| Total stockholders’ equity | US$ in thousands | 2,923,500 | 2,848,360 | 2,947,010 | 2,908,650 | 2,838,300 | 2,712,860 | 2,667,740 | 2,782,420 | 2,814,790 | 3,020,020 | 2,924,240 | 2,693,260 | 2,586,510 | 2,509,600 | 2,428,870 | 2,240,580 | 2,054,300 | 1,778,950 | 1,744,120 | 1,756,140 |
| Debt-to-capital ratio | 0.35 | 0.35 | 0.34 | 0.35 | 0.35 | 0.28 | 0.28 | 0.28 | 0.27 | 0.18 | 0.19 | 0.00 | 0.21 | 0.21 | 0.00 | 0.00 | 0.25 | 0.25 | 0.25 | 0.25 |
January 27, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,543,120K ÷ ($1,543,120K + $2,923,500K)
= 0.35
The debt-to-capital ratio of CIENA Corp. has remained relatively stable in the range of 0.28 to 0.36 over the past eight quarters. This ratio indicates the proportion of the company's capital structure that is financed by debt.
Having a debt-to-capital ratio around 0.35 suggests that CIENA Corp. relies on debt to finance approximately 35% of its capital, with the remaining 65% funded by equity. The stability of this ratio over the quarters indicates that the company has been maintaining a consistent balance between debt and equity in its capital structure.
Overall, a debt-to-capital ratio of 0.35 signals that CIENA Corp. has been managing its debt levels effectively, maintaining a reasonable level of leverage to support its operations and growth initiatives without becoming overly burdened by debt.
Peer comparison
Jan 27, 2024